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Jan 13, 2013
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they pushed the economy to the edge of the fiscal cliff and they threatened to make the u.s. go into default or shut down the government if they don't get policy concessions. they fiercely oppose potential picks for obama's cabinet from susan rice, of course, to people who withdrew to people who had strong gop support up until they were affiliated with president obama like chuck hagel and jack lew and republicans delayed 85% of the planned relief funding for hurricane sandy. that, of course, drew a strong rebuke from republican governor chris christie. this is not politics devoted to a competing vision. this is politics devoted to digs corruption and obstruction, and those recent fights i mentioned don't even include the explosion of minority obstruction in the u.s. senate. the filibuster has been used against more of obama's legislation than any president in history. the bottom line is that the gop is exploiting what i think is a hole in our democracy. can you lose elections and still get your way now if you don't care about responsibly governing. of course, it's hard to get
they pushed the economy to the edge of the fiscal cliff and they threatened to make the u.s. go into default or shut down the government if they don't get policy concessions. they fiercely oppose potential picks for obama's cabinet from susan rice, of course, to people who withdrew to people who had strong gop support up until they were affiliated with president obama like chuck hagel and jack lew and republicans delayed 85% of the planned relief funding for hurricane sandy. that, of course,...
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Jan 17, 2013
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we also compete in a global economy, so, i'm very he well aware the lower your rates are, and best rate of all is zero and that's what we're trying to get to. >> greta: and have you spoken to governor jindal, he also this week said he wants to do essentially the same thing in his state. have you spoken to him? >> no, i've not. i saw bobby, oh, a couple of months ago, i wasn't aware that he was going to do this. i'm not surprised, many governors across the country are going to look at eliminating individual income tax if they do it. >> greta: i suspect i heard sean hannity, he may move to nebraska if he gets wind of this, or louisiana, because he has pretty stiff income-- state income tax . nice to see you, governor. coming up an unthinkable crime, a nine-year-old girl chained in a dark dungeon and 20 years later she's telling the store and you have to hear what former president clinton said about his wife. here is a hint, it has to do with a first husband. and in two minutes, no, it's not a king's palace, but a u.s. government official, it's costs 242,000 and your tax money paid for it.
we also compete in a global economy, so, i'm very he well aware the lower your rates are, and best rate of all is zero and that's what we're trying to get to. >> greta: and have you spoken to governor jindal, he also this week said he wants to do essentially the same thing in his state. have you spoken to him? >> no, i've not. i saw bobby, oh, a couple of months ago, i wasn't aware that he was going to do this. i'm not surprised, many governors across the country are going to look...
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Jan 21, 2013
01/13
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larger priority, how do you create an economy, rebuild an economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. and that's not just about dealing with the fiscal crisis. it's about education. it's about research and development. it's about controlling our energy future. all of these are part of the equation. >> president obama has outlined debt reduction as a top priority heading into the second term. also high on his list, immigration reform. putting more emphasis on developing renewable energy and the most urgent for the president, gun control. joining us now, jim vandenhike. so we got done with the first term. bipartisanship towards the end, incredible. any reason why that will change? >> zero. >> okay. >> i would love to be optimistic. i think we should be slamming the blacken ambers they serve up here as you think about the next four years. largely because we already saw in the last two months in the lame duck how the next two years will unfold. and that is a republican congress and a zero interest in doing the obama
larger priority, how do you create an economy, rebuild an economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. and that's not just about dealing with the fiscal crisis. it's about education. it's about research and development. it's about controlling our energy future. all of these are part of the equation. >> president obama has outlined debt reduction as a top priority heading into the second term. also high on his...
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Jan 21, 2013
01/13
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and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try to push the administration to cut spending if they want to raise the debt limit again. >> nancy, we had chance to talk to condoleezza rice yesterday, the former u.s. secretary of state. she told us that when you are an official up there watching the president's inaugural address in his first address, you're taken with the hope and the grandeur of it all. when you're up there for second address you're looking at your watch thinking, i got to get back to work, we've got a l
and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get...
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Jan 14, 2013
01/13
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. >> andrew mcafee: our economy is bigger than it was before the start of the great recession. corporate profits are back. business investment in hardware and software is back higher than it's ever been. what's not back is the jobs. >> kroft: and you think technology and increased automation is a factor in that? >> erik brynjolfsson: absolutely. >> kroft: the percentage of americans with jobs is at a 20- year low. just a few years ago, if you traveled by air, you would have interacted with a human ticket agent. today, those jobs are being replaced by robotic kiosks. bank tellers have given way to atms, sales clerks are surrendering to e-commerce... >> i'm an automated system. >> kroft: ...and switchboard operators and secretaries to voice recognition technology. >> brynjolfsson: there are lots of examples of routine, middle- skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. they could be softw
. >> andrew mcafee: our economy is bigger than it was before the start of the great recession. corporate profits are back. business investment in hardware and software is back higher than it's ever been. what's not back is the jobs. >> kroft: and you think technology and increased automation is a factor in that? >> erik brynjolfsson: absolutely. >> kroft: the percentage of americans with jobs is at a 20- year low. just a few years ago, if you traveled by air, you would...
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Jan 21, 2013
01/13
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together we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. together we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our celebration of initiatives and enterprise, our insistence on hard work and personal responsibility, these are constant in our character. we have always understood that when times change so must we. that fidelity to our funding principles requires new responses to new challenges. our individual requires collective action, the american people can no more meet the demands of today's world by acting alone than american soldiers that met the forces of fascism or communism with musicales and militias, no single person can train all the math and science teachers we'll need to equip our children for the future
together we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. together we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our...
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Jan 15, 2013
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s friday into saturday. hope you have a fantastic tuesday. stay warm out there. >> announcer: come on, let's go skydiving, savannah. it will be fun. come on. team skydive. >> team, no. >> yeah. they want to see that. come on. >> you all can skydive. i'll watch from the ground. al, thanks so much. >>> is apple losing some of its cool? stock prices have been falling for months. now there's reports that the company is planning to build fewer iphones. tom costello has more on this story. tom, good morning to you. >> savannah, good morning. by many standards, apple is a world leader. it is the world's
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s...
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Jan 19, 2013
01/13
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lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ ♪ lou: vice-president biden called his meeting with the national rifle association last week productive, but they have -- they don'see it that way. representative jeff baker says he was only given five minutes to present the nra concerns. baker says that when he mentioned the need to fully enforce existing gun laws the vice-president said this, we simply don't have the time or manpower to prosecute everybody lies on the form, checks the wrong box or answers a question and accurately. virginia state lawmaker choosing what was probably one of the most asinine ways he could have to make a point about gun-control. delegate john morrissey saying the viejo gun laws are too lax. he pulled out an ak-47 on the floor of the state house yesterday. watch him. >> i brought an ak-47 with me. here it is. poin
lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ ♪ lou: vice-president biden called his meeting with the national rifle association last week productive, but they have -- they don'see it that way. representative jeff baker says he was only given...
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Jan 19, 2013
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maybe your economy is tanking. maybe it isn't. but a lot of people on wall street have reason to believe that it is. panic. today, as he kicks off his inauguration weekend, president obama was given a great present by the vix. this is the present that vix gave to barack obama today to celebrate his inauguration as a second-term president of the united states. look. happy inauguration, mr. president. things are kind of okay. in fact, today's low vix is the lowest vix since the spring of 2007. that's vix going down. vix is low. fear is low. also for the record, the dow jones hit a five-year high today. maze mazletov mr. president. eric cantore telling the world, quote, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of de
maybe your economy is tanking. maybe it isn't. but a lot of people on wall street have reason to believe that it is. panic. today, as he kicks off his inauguration weekend, president obama was given a great present by the vix. this is the present that vix gave to barack obama today to celebrate his inauguration as a second-term president of the united states. look. happy inauguration, mr. president. things are kind of okay. in fact, today's low vix is the lowest vix since the spring of 2007....
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Jan 18, 2013
01/13
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with an economy that can only be described as suffering and troubled. so he understands the politics of it. he knows that it is an uphill fight. but the reality is and police officers will tell you as well, police chiefs in particular is it is the impulsive end. and it's the idea of multideaths at a time which is what a gun can do. i mean it's not-- we have changed the culture in this country as as far as smoking has concerned. when i was a pfc cigarettes were $2 a carton. now it's $9 for a pack of cigarettes and there is a stigma. we don't see smoking in movies any more. we don't see that same level of social acceptance. i mean i think the culture is part of it, no doubt about it. >> if i could just one on the politics, i think the ambitiousness of the proposals was politically savvy. because it will allow a lot of senators from marginal areas who are swinging in the mid thrill to say well i'm not for the assault weapons ban, that's too far. but i am for some other things. and so i think they will chop off a few piece of the obama package. but it might
with an economy that can only be described as suffering and troubled. so he understands the politics of it. he knows that it is an uphill fight. but the reality is and police officers will tell you as well, police chiefs in particular is it is the impulsive end. and it's the idea of multideaths at a time which is what a gun can do. i mean it's not-- we have changed the culture in this country as as far as smoking has concerned. when i was a pfc cigarettes were $2 a carton. now it's $9 for a...
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Jan 15, 2013
01/13
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a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually takes money out of the pockets of consumers. and so how do you think in general, what are economists saying about how it may affect consumer spending? >> a lot of the economists i talk to all the time were up in arms about this because they think that this payroll tax cut was a great form of stimulus. and now the resumption of that 6.2% number means we're probably going shave about a half a percent off our growth rate this year. you think, oh a half a percent, not a big deal. we're only growing by 2% a year so it is a big deal. >> in the beginning when you said between $18 and $20 less a week, it does
a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually...
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Jan 17, 2013
01/13
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you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing in japan and the japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going
you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing...
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Jan 18, 2013
01/13
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., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will knick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway
., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems...
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Jan 17, 2013
01/13
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert. >> i get fide take pitch perrers, not think. >> if that woman you put down the bottle for means anything, if the last seven years of your life means anything, walk away. if you think you are investigating adultery, mr. taggert, you don't know nicholass who set nicholas s who st very well. >> catherine zeta-jones, good morning to you. we want to talk about this movie is a good one. first we saw you at the golden globes the other night, you were a presenter which i think would be-racking than as a nominee. you sang your opening line. >> node choice. going to the nerves, i get nervous walking down a red carpet, litera
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert....
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Jan 19, 2013
01/13
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the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that plunges, now standing at just 14%. the president insisted on higher taxes for the wealthy. part of his campaign designed to cast mitt romney as out of touch. his victory sealed, this president will have a sequel. >> for the united states of america, the best is yet to come. >> the original was a drama. but what the sequel needs is action. to it craft a legacy, this president must bring lawmakers together. cliff after cliff, short-term thinking and political bickering at every turn. dysfunction is ruling washington. but look beyond that and this economy is poised f
the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that...
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Jan 21, 2013
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you know, both gentlemen agreed that tackling the economy was first priority. they said in order for president barack obama to leave the democratic party stronger, he has to pass immigration reform. that's what you were talking about a while ago. >> isn't that one of the big questions? is his goal his legacy? or is his goal a democratic legacy? >> one guy said within a year. have you a year to really make your mark. the other guy said maybe two years. >> get into the six-year itch in washington. soledad, the first key comes from the president today in the speech that he gives right where you are later today. >> that's absolutely right. you pose a great question. let's pose it to newark mayor cory booker. does the president focus on his own agenda or focus on really helping democrats down the way? we'll talk about that, when we come back from commercial break in a moment. also, we'll talk about the supreme court justice sonia sotomayor, talking about her story, going from projects to the capitol. can she remain unbiased? our one-on-one conversation, straight ahe
you know, both gentlemen agreed that tackling the economy was first priority. they said in order for president barack obama to leave the democratic party stronger, he has to pass immigration reform. that's what you were talking about a while ago. >> isn't that one of the big questions? is his goal his legacy? or is his goal a democratic legacy? >> one guy said within a year. have you a year to really make your mark. the other guy said maybe two years. >> get into the six-year...
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Jan 15, 2013
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. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at 6:30 crops damaged by the cold snap. the beg chill that has most of the state in its grip is starting to have an effect on our pocketbooks. len ramirez in monterey counted where farmers are seeing some damage to their crops already. len. >> reporter: that's right, there is some damage but not catastrophic yet. it's likely to be another sleepless night for california farmers. they will be up worrying about the damage the frost may be doing or they are going to be working around the clock to try and lessen the damage. >>> reporter: salinas valley farm crews spent the day working to protect crops from another night of frost in a stra
. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at...
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Jan 15, 2013
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. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: battle lines were drawn at either end of pennsylvania avenue today over the national debt and government spending. the opening shots came from president obama at his white house news conference. >> i thought it might make sense to take some questions this week as my first term comes to an end. >> brown: the questions were dominated by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well bein
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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Jan 19, 2013
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. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing with that. first since president obama was re-elected, 30% think he has been more bipartisan in working with congressional republicans, 55% the majority says he has been more confrontational? >> i think some of the number for confrontational they are saying that as a positive. certainly democrats want him to be
. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only...
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Jan 17, 2013
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i think during the first term, because of the incredible demands involved in preventing the economy from going into a great depression got a lot of leeway in terms of not spending personal time with member, leaders, both elected and non-elected, not opening up the white house. yop think he'll be able to do that and maintain his coalition over the next four years and i think that's going to require a lot of growth on his part. >> do you think it was legitimate, the criticism, even the suggestions he got, look, you've got to reach out more, even to people you don't like or agree with? >> some of it was legitimate, but what i don't think that people gave a fair amount of discussion to was the out-sized amount of venom direct the at this president. and i don't think that people had a real sense of just how bad things were in america. and i think that the president intentionally did not want to convey how terrible things were. because fundamentally, he's an optimist and the a pragmatist. so he really wouldn't walk around and describe to you, except in very rare times, how terrible things were
i think during the first term, because of the incredible demands involved in preventing the economy from going into a great depression got a lot of leeway in terms of not spending personal time with member, leaders, both elected and non-elected, not opening up the white house. yop think he'll be able to do that and maintain his coalition over the next four years and i think that's going to require a lot of growth on his part. >> do you think it was legitimate, the criticism, even the...
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Jan 21, 2013
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echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear he's not backing down from the fact that he won the election, so he's going to govern because he won. he and the other people in office took the oath to god and his country. he tried to reach over the heads of his opposition by repeatedly calling to the people. fellow citizens, fellow citizens, we need to do this. i think perhaps the most important part of the speech is one that's gone comparatively unremarked so far, and that is his review to his predecessors for what he called his declaration of war and his belief that the united states does not have to seek a policy of perpetual war,
echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear...
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Jan 21, 2013
01/13
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i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture, undermine confidence, lower the valuations of u.s. companies because people just have less confidence in the long-term trajectory. >> and jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right? the last four years, in your view? what could he have done better or has he done wrong? >> four years ago right around this time when i was a member of the administration's economics team, i was remembering the juxtaposition of great hope and expectations and the real horror of what was going on in macroeconomy. gdp contracting at 9%. i think the president came in and hit very hard and broke the back of the great recession a lot sooner than people expected. certainly the financial markets were reflated much more quickly and at less expense than people expected.
i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture, undermine confidence, lower the valuations of u.s. companies because people just have less confidence in the long-term trajectory. >> and jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right?...
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Jan 21, 2013
01/13
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a lot of europeans want to know which way the world's biggest economy is headed and can politicians sort things out. here is a man that thinks he can make a difference the second time around. obama then looked forward to his next and final four years in office calling an end to the politics of division and saying the united states could achieve anything if it acted as one. >> a decade of war is now ending. an economic recovery has begun. america's possibilities are limitless, for we possess all of the qualities this world without boundaries demand, youth and drive, diversity and openness. an endless capacity for risk and a gift for reinvention. my fellow americans, we are made for this moment and we will seize it so long as we seize it together. >> our washington correspondent was there. you were at the inauguration. obama had quite a big wish list. take us through it. >> well, it is not really a wish list. inaugural speeches are not the place for a wish list. but you can read between the lines. i would sum it up with two words, unity and equality. a message to republicans meaning let's
a lot of europeans want to know which way the world's biggest economy is headed and can politicians sort things out. here is a man that thinks he can make a difference the second time around. obama then looked forward to his next and final four years in office calling an end to the politics of division and saying the united states could achieve anything if it acted as one. >> a decade of war is now ending. an economic recovery has begun. america's possibilities are limitless, for we...
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Jan 14, 2013
01/13
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economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make sure the nation meets its obligations, will keep the government running. that's trying to take that specter of the government shutdown off the table. we've got a real confrontation brewing because the president says i'm going to break the habit of crisis-driven fiscal negotiations. and if he succeeds in that, somebody's going to have to break. we're going to find out pretty soon. because the debt ceiling could be hit in as little as one month from now. >> it's interesting that we still haven't had any ideas, though, on spen
economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make...
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Jan 18, 2013
01/13
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so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of our real estate not on our tax. our primary comes from our tax sment and our water that serve it is region. we've watched our unemployment decrease, we've out paced the national economy. last year we saw $1.1 billion in national investment. our focus has been on investing in our urban core and doing it together. a great focus on riegism. >> a question to both of you with debt in this country cities do that by floating bonds which explain how that works in mesa, arrest arrest and what that works for and how it's paid off. guest: we like to say
so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of...
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Jan 21, 2013
01/13
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what did he say about the economy today? he said a recovery has begun. it began only months after he took office in june 2009. so what did he say in the speech today that said i have a plan or new ideas for creating a more robust economy? tactically nothing to the 2010 the terms, which is where it was driven in considerable measure by the growth of the deficit of the national debt. so we do get some words about him and he says we may need to make the hard choices and reduce the cost of health care. then he gets into medicare and social security and any intention that you might've thought that he had to shrink those programs to si that would allow him to continue to thrive or survive. it is unmentioned here . >> it seemed to me that he made some comments is in commitments in this campaign. and i intend to keep them but it's a real call to arms and the idea that we can't do these things individually whether it's from the economy to infrastructure to helping people in need after hurricane. we need to do it as a community. he talked again about the fact that
what did he say about the economy today? he said a recovery has begun. it began only months after he took office in june 2009. so what did he say in the speech today that said i have a plan or new ideas for creating a more robust economy? tactically nothing to the 2010 the terms, which is where it was driven in considerable measure by the growth of the deficit of the national debt. so we do get some words about him and he says we may need to make the hard choices and reduce the cost of health...
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Jan 20, 2013
01/13
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offer. >>> we don't think the short term is smart for the economy. two or three months has uncertainty. we are please today see the republicans in the house drop their previous position which was, they were only going to pay the bills they racked up if they got what they wanted in deep spending cuts in medicare and other programs. that is progress. >> reporter: starting a new term president obama has reluctance will ri he is the one politician in washington who does not have to run for reelection. it be interesting to see what he wants to do to try to push big things across the finish line. >> gregg: some say you automatically become a lame duck when you get sworn in which was today. mike, thanks very much. >> heather: well, the gun control debate spilling on the airwaves today where we got new reaction from lawmakers on both sides of the aisle. while gun control advocates and gun enthusiasts can agree on things like background checks but details it can get heated. here is one senator slamming the president's use of executive actions. >> he likes the
offer. >>> we don't think the short term is smart for the economy. two or three months has uncertainty. we are please today see the republicans in the house drop their previous position which was, they were only going to pay the bills they racked up if they got what they wanted in deep spending cuts in medicare and other programs. that is progress. >> reporter: starting a new term president obama has reluctance will ri he is the one politician in washington who does not have to...
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Jan 13, 2013
01/13
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our inability to make tough decisions to move our economy forward. that worries me in the near term. in the long term it's our education because that is the future. >> schieffer: not terrorism education. >> we can handle terrorism, are we can handle a nuclear-armed iran. we can't handle another war where new americans are young enough to protect our country. >> schieffer: thank you for your service thanks for being with us today we'll. we'll be back in one minute with the mayor of los angeles. >> schieffer: joining us now the mayor of los angeles antonio villaraigosa. you are going to make a big speech tomorrow on immigration the "new york times" reports this morning. the whitehouse is planning a big push on immigration. give us an out line of what you're thinking about here. >> the time is now. we can't wait another political season to pass comprehensive immigration reform. this isn't just a moral it's an economic imperative. if we bring these people, 11 million people from out of the dark and into the light it's about a $1.5 trillion impact on the
our inability to make tough decisions to move our economy forward. that worries me in the near term. in the long term it's our education because that is the future. >> schieffer: not terrorism education. >> we can handle terrorism, are we can handle a nuclear-armed iran. we can't handle another war where new americans are young enough to protect our country. >> schieffer: thank you for your service thanks for being with us today we'll. we'll be back in one minute with the...
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Jan 19, 2013
01/13
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sad world we live in, but people have to realize, these type of things have a negative impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to be on guard. gerri: thank you for coming on. great job. you guys really explained it all. thank you. >> thanks. gerri: if you're fired up about this or any of the issues, a drop me an e-mail. >> coming up on "the willis report," unemployment is higher. could it be because he has gone awful year without meeting with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being force
sad world we live in, but people have to realize, these type of things have a negative impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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help us bring more people into the economy, to the wonderful city of san francisco. * make sure that their lives are respected with dignity and with the prosperity this city has to offer. thank you for being here in this wonderful, wonderful city of san francisco. (applause) >> thank you, mayor lee. that was beautiful. it's now my pleasure to introduce mayor willie brown who is an iconic figure in our city. and as mayor lee said, the first african-american mayor of san francisco. it is such an -- and a very close friend of mayor moscone. so, it's my pleasure to introduce mayor brown. (applause) >> ann, thank you very much. mr. mayor, members of the boards of supervisors, assemblyman ammiano, [speaker not understood], moscone family, gay men's course, and all of you who are assembled herein, as i look around, i absolutely know that i had probably the greatest pleasure, other than the moscone children, of literally living with george moscone for so many years. mr. mayor, it was when we were in law school together, we were fellow janitors at hastings college of law. george moscone was a
help us bring more people into the economy, to the wonderful city of san francisco. * make sure that their lives are respected with dignity and with the prosperity this city has to offer. thank you for being here in this wonderful, wonderful city of san francisco. (applause) >> thank you, mayor lee. that was beautiful. it's now my pleasure to introduce mayor willie brown who is an iconic figure in our city. and as mayor lee said, the first african-american mayor of san francisco. it is...
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Jan 21, 2013
01/13
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WBAL
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. i feel more inspired. more positive. [ male announcer ] only lipton adds fresh-pressed tea leaves to its new great tasting blend. drink new lipton and you'll be surprised how great you feel. ♪ from my great-great-great grandfather... i kinda wanna be a part of that. we've been growing delicious apples for generations and that's the kind of quality that mcdonald's expects. ♪ and that's the kind of quality that mcdonald's expects. (sighs) this is too good to be true. hi. john stamos. enchantÉ this is too good to be true. dannon oikos non-fat yogurt... delicious yet healthy. sounds too good to be true. there are things that are too good to be true... such as dannon oikos. thick, creamy, with 0% fat and twice the protein... of regular low-fat yogurt mmm huh. i want an oikos! dannon oikos greek non-fat yogurt... too delicious to be so nutritious. dannon ♪ ♪ ♪ ♪ [ female announcer ] nothing get
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. i feel more inspired. more positive. [ male announcer ] only lipton adds fresh-pressed tea leaves to its new great tasting blend. drink new lipton and you'll be surprised how great you feel. ♪ from my great-great-great grandfather... i kinda wanna be a part of that. we've been growing delicious apples for generations and...
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Jan 14, 2013
01/13
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CSPAN
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your typical marxist wants to have heavy government control of the economy, control of wages, control of planning. more planning, more regulation, less economic freedom, a much more extensive welfare state. there is a big overlap in that. if you read libertarians talk about the iraq war or the afghanistan war about drone strikes in pakistan, then read marxists talking about the same thing, you could not tell them apart. marxists would say this shows how evil capitalism is. there is overlap about the particular issue. >> how does the institute fit in with "reason" magazine? >> i see them as policy wants to help shape policy better. there are not doing anything radical. they are trying to say things like, rather than doing social security this way, we will do it this way. people think we have to do single payer health insurance. if we allow for competition, we could have health insurance that would be better than what we have. we tried to influence decisions on capitol hill in a way that is politically feasible, not likely. something that could happen. >> i wrote down a number of instit
your typical marxist wants to have heavy government control of the economy, control of wages, control of planning. more planning, more regulation, less economic freedom, a much more extensive welfare state. there is a big overlap in that. if you read libertarians talk about the iraq war or the afghanistan war about drone strikes in pakistan, then read marxists talking about the same thing, you could not tell them apart. marxists would say this shows how evil capitalism is. there is overlap...
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Jan 21, 2013
01/13
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he adds the president wants to focus on measures to help the economy and energy development, immigration and public safety as well. they want to see president do more in congress. >>> 800,000 spectators expected and security will have to be tight with that. good morning katherine. >> good morning. when asked about the situation in algeria and mollie we were told there was no change to the threat level at home. t this is a national security event. the lead organization for counter-terrorism and investigation is the cia. they were recently given a tour of the ee kret service command center and undisclosed location. this is the main coordination center for real time information today. secretary napolitano told reporters months of planning is involved. >> starting sunday is will contingo continuously from monday to tuesday. it is a national security event protecting an event this large, complex, with this many different venues with this number of people coming requires a lot of coordination. >> the fbi explained they are reviewing r reviewing real time information that is constantly being su
he adds the president wants to focus on measures to help the economy and energy development, immigration and public safety as well. they want to see president do more in congress. >>> 800,000 spectators expected and security will have to be tight with that. good morning katherine. >> good morning. when asked about the situation in algeria and mollie we were told there was no change to the threat level at home. t this is a national security event. the lead organization for...
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Jan 21, 2013
01/13
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you can do it without tanking the economy. you have to be careful. >> can you hold hands with elizabeth warren? >> she is a great reader of biographies in history. >> book club. >> thank you. >>> you on this afternoon? >> theoretically: >> still ahead, look who is coming. this is exciting. >> former secretary of state colin powell. you are watching "morning joe" live on inauguration day in washington, d.c. we'll be right back. look, if you have copd like me you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, eve
you can do it without tanking the economy. you have to be careful. >> can you hold hands with elizabeth warren? >> she is a great reader of biographies in history. >> book club. >> thank you. >>> you on this afternoon? >> theoretically: >> still ahead, look who is coming. this is exciting. >> former secretary of state colin powell. you are watching "morning joe" live on inauguration day in washington, d.c. we'll be right back. look,...
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Jan 18, 2013
01/13
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economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all the brazil and indonesia which are still exciting stories. i feel good about where the world is heading. is it on a bull streak? no. but is it on a firmer footing? yes. as a long-term investor i care about firm footing. >> some day we will go through 15,000 on the dow, and then 16,000. and then 17,000. >> yeah. >> i mean i just wonder is that within the next couple of years? i mean it's about time. it's been -- we went from 800 to 14,000. and we haven't moved from 14,000 in like 10, 12 years. >> my father always says a journey of a thous
economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all...
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Jan 15, 2013
01/13
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...
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Jan 17, 2013
01/13
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that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the market gets too hot, somebody could get burned. in concord, john ramos, cbs 5. >> the industry experts predict the higher prices will eventually lead to more inventory for sale. to see the housing numbers broken down county by county go to our website, cbssf.com. click on news. >>> a barber and father of a five-year-old girl is the first homicide victim of the year in san jose. cbs 5 reporter elissa harrington shows us the victim's family is turning to the public in their quest for answers. >> we don't want to wake up every morning asking the same question, why and who? >> reporter: why 34-year-old ivan segura was killed and who di
that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the...
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Jan 20, 2013
01/13
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it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous about taking us on its first ride. >> it just feels... i don't even know how to describe it. >> reporter: it will do 0 to 60 in less than four seconds. top speed: upwards of 190 miles an hour. >> there's no doubt in my mind that we'll be fully competitive with pretty much any other car: porsche, ferrari, you name it. >> reporter: if you had one word to describe this new vet, what do you think it would be? >> wow. reporter: tom peters is the head of corvette design in charge of sculpting the body to make it fast and functional. >> this probably might have taken as much creative energy
it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous...
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Jan 18, 2013
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>> well, those are going to be on the agenda, but the economy and getting a growth agenda going is clearly what's going to be most important across the board for americans. but he's got some wind at his back. because the republicans know that number one, immigration is an issue they can't ignore and vilify anymore, they've got to deal with it, guns is another one. they're mired in a tactic on plunging this country into default and starting to come to their senses and realize this debt ceiling is a tactic that is really turning its head against them not against the president. so i think that you're always going to see the president making the effort to reach out. and spending, he's actually done that already. and that's where he's going to have to work with democrats as well as republicans. >> well, you supported both abolishing the debt limit and having the president use the 14th amendment. i'm wondering how you see the debt ceiling play out. >> well, i'm seeing the republicans starting to cave on that. they're hearing from the -- the president has made it clear he's not going to play that
>> well, those are going to be on the agenda, but the economy and getting a growth agenda going is clearly what's going to be most important across the board for americans. but he's got some wind at his back. because the republicans know that number one, immigration is an issue they can't ignore and vilify anymore, they've got to deal with it, guns is another one. they're mired in a tactic on plunging this country into default and starting to come to their senses and realize this debt...
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Jan 18, 2013
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the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. jenna: right now the fbi is investigating what may have been a hoax aboard an alaska airlines plane. in fact f-15 fighter jets were called in to escort that plane mid-flight because of all of this. harris faulkner looking into the details from our newsroom. what is this all about? >> somebody reported a hijacker was aboard flight 819 flying from kona, hawaii, to seattle. fbi is taking a very close look exactly where the phone call came from and who might have made it. this sort of thing actually a joke is very definitely a problem. that phone call pointed to a particular passenger when the alaska airliner landed safely at seatac, the main international airport in seattle. federal agent nabbed the passenger and questioned the person into late last night. the honolulu office originally received the phone call. that bureau informed other agencies and local police to watch the passenger during the flight and when he first
the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. jenna: right now the fbi is investigating what may have been a hoax aboard an alaska airlines plane. in fact f-15 fighter jets were called in to escort that plane mid-flight because of all of this. harris faulkner looking into the details from our newsroom. what is this all about? >> somebody reported a hijacker was aboard flight...
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Jan 18, 2013
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how do we move forward and talk about building this economy up bottom up instead of artificially from washington? that's what republicans are talking about. i think you're going to see a very different generation of republican in two years. >> guys, stand -- quickly? >> i was going to say, i wonder when they had that seminar for women whether they talked about not having washington make decisions for them. that would be a step forward for the republican party. >> it's something to talk about and i think they had that one in the ward cleaver room. >> already. stand by for a moment. a moment you've all been waiting for, alec castelannaos is going to do what david axelrod did. take a look at that mustache. that mustache that he's had for, what, 41 years -- that beautiful mustache is about to go but for a very good cause. stand by. push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy w
how do we move forward and talk about building this economy up bottom up instead of artificially from washington? that's what republicans are talking about. i think you're going to see a very different generation of republican in two years. >> guys, stand -- quickly? >> i was going to say, i wonder when they had that seminar for women whether they talked about not having washington make decisions for them. that would be a step forward for the republican party. >> it's...
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Jan 21, 2013
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and the number one problem is the economy. he's got to fix the economy. the fiscal situation has been fixed, to a large extent. the stock market's doubled. that's pretty good. but he has to get everybody working again. it means fix the economy. it means fix the education. so we're bringing kids along that have the skills for 21st century america. his focus has to be on the economy. on the need to reduce unemployment. and frankly, i hope he can, through his own example, restore a sense of civility in the country. >> every president learns a lot. is scarred by the office. also made more wise by the office. what is the one thing you hope president obama has learned over the last four years? >> i hope he's learned that you know, no one part of the government, really, gets it all done. and so, he's got to do a better job of reaching out to members of congress, across both -- across the aisle, to the republicans. and the republicans have to stop buying into things that demonize the president. why aren't republican leaders shouting out about all this birther non
and the number one problem is the economy. he's got to fix the economy. the fiscal situation has been fixed, to a large extent. the stock market's doubled. that's pretty good. but he has to get everybody working again. it means fix the economy. it means fix the education. so we're bringing kids along that have the skills for 21st century america. his focus has to be on the economy. on the need to reduce unemployment. and frankly, i hope he can, through his own example, restore a sense of...
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Jan 21, 2013
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what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is doing. they have the pedal to the metal on interest rates. they're very low. absent more demand on the consumer side, obviously low interest rate isn't going to be enough. so he has to do some of these jobs measures and you have actually seen some of those slipping into the budget bills. infrastructure is something he'd really like to see more of. >> chuck, even if republicans have backed away on debt limit as a potential threat, do you really think that they're going to cooperate on stimulus as jared is recommending? >> no, i think that's probably a bridge too far. i do think t
what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is...